US FTC is appealing Microsoft's acquisition of Activision Blizzard deal

[Global Network Technology Comprehensive Report] On July 13, it was reported that the Federal Trade Commission (FTC) of the United States was appealing against the latest ruling of Judge Jacqueline Scott Corley of the United States Federal Court. The ruling rejected FTC's request for a preliminary ban on Microsoft's acquisition of Activision Blizzard, allowing Microsoft to continue with the transaction

[Global Network Technology Comprehensive Report] On July 13, it was reported that the Federal Trade Commission (FTC) of the United States was appealing against the latest ruling of Judge Jacqueline Scott Corley of the United States Federal Court. The ruling rejected FTC's request for a preliminary ban on Microsoft's acquisition of Activision Blizzard, allowing Microsoft to continue with the transaction.

Judge Collie wrote in the ruling: "The FTC did not provide sufficient evidence to prove that this transaction would significantly reduce competition. On the contrary, recorded evidence suggests that consumers are more likely to have access to the content of Call of Duty and other Activision, thus rejecting the FTC's request

The ruling of the local court clearly indicates that this acquisition is beneficial to both competition and consumers, "said Microsoft Vice Chairman and President Brad Smith." We are disappointed that the FTC continues to pursue this case

Last January, Microsoft announced its acquisition of Activision Blizzard for approximately $68.7 billion. Earlier this month, the FTC filed an application with the court, hoping that the judge would issue a temporary injunction to prevent the transaction. FTC believes that this transaction will harm competition in the gaming market.

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